Optima Bank Sa · ATHEX:OPTIMA
Optima Bank Sa — FY2025 Earnings Presentation
46 slides from Optima Bank Sa's earnings presentation, Mar 3, 2026
Slide 1: FY 2025 Results
FY 2025 Results 3 March 2026 —— |
Slide 2: FY 2025 results highlights - another strong year under our belt
FY 2025 results highlights - another strong year under our belt €170mn 25.3% +21% YoY Net Profit ROTE €5.1bn €6.3bn TCR * Loans Δ Depos Δ €1.5bn €1.7bn 14.87% 1.31% +40% YoY +36% YoY Loans Deposits Capital NPEs (%) *Capital ratio incorporates period profits, dividend provision 2
Slide 3: A journey that started 7 years ago and exceeded all expectations
A journey that started 7 years ago and exceeded all expectations Gross loans Deposits Net profit RoTE 7.5% 25.7% 27.8% 25.3% 25.3% 6,299 170.0 €mn 5,118 €mn €mn 4,643 140.2 3,657 3,192 103.0 2,458 2,177 1,693 1,347 42.4 1,029 755 390 205 90 -4.9 10.0 -4.2 2019 2020 2021 2022 2023 2024 2025 2019 2020
Slide 4: FY 2025 results overdelivered to what we promised to the market
FY 2025 results overdelivered to what we promised to the market FY 2025 FY 2025 guidance Loan book growth YoY +€1.5bn +€1.0bn 144% Deposits growth YoY +€1.7bn +€1.25bn 132% Net profit €170mn >€160mn 106% RoTE 25.3% >22% NPE ratio 1.3% <1.5% Cost to core income 24.5% <30% 4
Slide 5: Key 4Q 2025 financial highlights
Key 4Q 2025 financial highlights Resilient interest revenue NII +8% QoQ and 16% YoY despite falling rates Strong fee generation +46% QoQ and 79% YoY Cost efficiency Cost to core income at 22.6% Elevated NIM At 3.17%, Optima’s 4Q 2025 NIM stands ~1pp above peers Healthy balance sheet NPE ratio at 1.3
Slide 6: Significant operating leverage expansion in Q4 driven by fees
Significant operating leverage expansion in Q4 driven by fees Key P&L items €mn 4Q 2025 3Q 2025 4Q 2024 QoQ YoY FY 2025 FY 2024 YoY NII 56.6 52.2 48.8 8% 16% 210.0 189.9 11% Fees 21.6 14.7 12.1 46% 79% 61.8 41.3 49% Total revenues 84.8 72.4 66.7 17% 27% 297.6 254.7 17% Opex 17.6 16.6 16.7 6% 6% 66.5
Slide 7: Strong KPIs, well above domestic peers
Strong KPIs, well above domestic peers Key performance indicators 4Q 2025 3Q 2025 FY 2025 FY 2024 NIM 3.17% 3.22% 3.21% 4.04% NFM 1.21% 0.91% 0.94% 0.88% Cost to core income 22.57% 24.80% 24.47% 25.64% Cost of Risk 0.79% 0.41% 0.56% 0.67% RoTE 26.2% 25.28% 25.29% 25.31% Loans/deposits 80.17% 77.34%
Slide 8: The loan book grew 40% YoY driven by strong Q4 demand in the wholesale space
The loan book grew 40% YoY driven by strong Q4 demand in the wholesale space Gross loans grew 40% YoY +€1.5bn YoY Loan disbursements Δ +351 +312 +276 +183 +690 €mn €mn 1,252 5,118 945 937 4,245 4,428 3,970 1,184 775 746 3,657 1,027 1,042 927 891 3,934 3,042 3,219 3,386 2,767 4Q 2024 1Q 2025 2Q 2025
Slide 9: Strong deposits inflows continued in Q4
Strong deposits inflows continued in Q4 Deposits grew 36% YoY; +€1.7bn y-t-d Time deposits share in the mix Δ +512 +129 +420 +456 +651 €mn 59% 58% 6,299 5,648 57% 5,192 4,643 4,773 2,123 55% 55% 55% 1,713 1,609 1,676 1,573 52% 3,935 4,176 3,200 3,584 2,967 FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 1H
Slide 10: Asset under management up by 28% YoY at €5.3bn
Asset under management up by 28% YoY at €5.3bn Total AuM* at €5.3bn; +€1.2bn Significant increase in Optima mutual funds inflows in 2025 Δ +183 +156 +439 +388 +188 €mn €mn +28% +79% 5,135 5,323 38 354.2 4,747 4,308 487 520 118.7 4,152 415 510 507 295 356 576 812 752 197.5 4,141 4,294 3,756 3,045 3,2
Slide 11: Defensive balance sheet structure with solid liquidity metrics
Defensive balance sheet structure with solid liquidity metrics Strong Liquidity Metrics Group balance sheet 7,558 7,558 €mn LCR NSFR 170 231 204.14% 127.97% Other Net Loans Other 5,050 liabilities Securities 6,299 Deposits L/D ECB funding/assets Due from Due to Banks banks 80% 0% Cash 1,333 Equity 3
Slide 12: Consistent expansion in the tangible book +21% YoY in 2025
Consistent expansion in the tangible book +21% YoY in 2025 FY 2025 assets grew 36% Tangible Equity (€m) €mn €mn FY 2024 FY 2025 Δ 499 Cash & Cash at banks 969 1,005 36 144 Securities 728 1,333 605 736 609 Net Loans 3,613 5,050 1,437 355 243 Assets 5,541 7,558 2,017 148.0 118 Deposits 4,643 6,299 1,6
Slide 13: For one more year we remained the most efficient bank in Greece
For one more year we remained the most efficient bank in Greece Optima bank Market* ROTE 25.3% 15.2% EU peers @13.8%** NIM 3.21% 2.36% Cost to Core Income 24.5% 36.8% Depos Growth YoY 35.6% 5.3% Loan Growth YoY 39.9% 8.4% NPE ratio 1.31% 2.7% DTC/CET1 0% 46.5%*** *average of the 4 Greek systemic ban
Slide 14: CX a key pillar of our business model
CX a key pillar of our business model NPS (Net Promoter Score) Consistently high NPS 12M rolling 90.01 50 40 60 30 70 20 80 9.26 10 87.59 90 2023 2024 2025 2.42 0 100 NPS measures the loyalty of customers to a company First developed in 2003 by Bain and Company Management Consultants Detractor P
Slide 15: AI Usage GenAI
Creation of AI centre of excellence - moving from AI building phase to daily AI interaction phase A new department was set up in late 2025, dedicated to map all operations that could benefit from AI adoption with initial key focus on: AI centre of excellence Loan administration Credit approval p
Slide 16: In sum
In sum Over-delivered on our volume targets Retained returns at same levels despite increased competition Retained a clean balance sheet with low NPEs Expanded our position in wealth management Operational improvements initiated via targeted AI actions Set foot in the leasing market successfully and
Slide 17: FY 2026 guidance
FY 2026 guidance FY 2026 guidance Loan growth +€1.1bn €6.2bn loans Deposits growth +€1.4bn €7.7bn deposits Net profit >€195mn Implied ROTE ~24% Cost of Risk 55bps Cost to core income <30% 17
Slide 18: Financial Analysis
Optima bank Financial Analysis
Slide 19: Strong core income growth driven by loan growth and strong fees
Strong core income growth driven by loan growth and strong fees NII grew 16% YoY Fees grew 45% YoY NIM 3.73% 3.17% NFM 0.92% 1.21% €mn €mn 1.4 56.6 6.2 0.6 2.1 21.6 -0.3 3.5 48.8 3.9 12.1 4Q 2024 Loans Securities Deposits Other/Interbank 4Q 2025 4Q 2024 Loans/LGs Wealth mngt. Other 4Q 2025 19
Slide 20: Loan income and deposits tailwinds supported NII in Q4
Loan income and deposits tailwinds supported NII in Q4 NII Breakdown €mn 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Loans 54.3 55.3 56.6 56.0 60.5 Fixed income 6.3 7.0 6.7 5.1 6.9 Deposits -15.9 -15.8 -14.0 -14.0 -14.5 CB & Interbank 4.2 3.2 2.7 5.3 3.9 Other -0.2 -0.2 -0.2 -0.2 -0.2 Total 48.8 49.5 51
Slide 21: Fees grew 79% YoY with most lines increasing in the double digits
Fees grew 79% YoY with most lines increasing in the double digits NFI Breakdown €mn 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Fees from mutual funds (+210% YoY), loans Loans 3.0 2.6 2.9 2.6 5.6 (+87%) and the brokerage business (+48% YoY) the key drivers in Q4. LGs 3.6 3.9 4.0 4.3 4.9 Brokerage 2.9 2.
Slide 22: Cost efficiency remains top class
Cost efficiency remains top class Operating expenses Cost to core income FTEs (#) 575 590 605 610 627 €mn 27.5% 17.6 16.7 16.2 16.0 16.6 26.3% 2.3 2.6 2.2 2.3 2.2 24.6% 24.8% 4.6 5.2 5.4 5.4 4.9 22.6% 9.8 8.7 8.9 9.1 9.6 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Staff Costs G&A Costs Depreciation 4Q 2
Slide 23: Ample liquidity with zero ECB funding
Ample liquidity with zero ECB funding Strong Liquidity Metrics HQLAs FY 2025 LDR 78% 82% 81% 77% 80% Other securities 4% LCR NSFR Government bonds 57% 272% 247% 229% 227% €1,587mn 204% Cash & Cash at Central Bank 39% 127% 126% 133% 136% 128% €mn FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 1,587 1,332 1,
Slide 24: Well diversified loan book
Well diversified loan book Loan book rate Gross loans breakdown FY 2025 -0.5% QoQ 5.4% Households 2.6% General services 3.4% Prof.activities 4.2% IT 6.91%7.05%7.06%6.95% 6.74% 4.3% Other 6.49% 6.26% 7.0% Transport/storage 5.82% 5.69% +0.7% QoQ 7.9% Construction 5.29% 9.8% Financial/insurance 4.89% 4
Slide 25: Loan book breakdown
Loan book breakdown Retail Wholesale Consumer/margin SMEs - Mortgages Revolving 4% 15% 12% SMEs - Term 26% BB - €1,184mn €3,934mn Revolving 28% Large BB - Term Corporates - Large 53% Revolving Corporates - 27% Term 34% BB: Business banking-companies with turnover of €2.5-7.5mn SME: Small and medium
Slide 26: Deposit growth driven primarily by retail customers
Deposit growth driven primarily by retail customers Deposits movement Deposits mix 620 6,299 66% 588 265 182 4,643 Retail, Time Retail, 37% Demand 29% Corporate, Demand Retail, Demand FY 2025 €6,299mn FY 2024 Corporate, Time Retail, Time Corporate, Demand 14% Deposits rate Corporate, 1.63% 1.68% 1.6
Slide 27: Well diversified securities book
Well diversified securities book Securities book mix Breakdown per classification FVTPL 23% GGBs 5% €1,333mn OCI 4% Other 38% AMOC 73% T-Bills 33% €1,333mn Securities over assets 17.6% Other sovereigns 24% 14.5% 13.1% 13.1% 12.8% FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 27
Slide 28: Asset Quality
Optima Asset Quality
Slide 29: Healthy balance sheet with broadly stable NPEs and FY 2025 CoR at 56bps
Healthy balance sheet with broadly stable NPEs and FY 2025 CoR at 56bps, broadly aligned with guidance Cost of Risk NPE/NPL ratio (bps) 113 52 56 41 79 39* 59* 9.8 NPEs NPLs 1.48% 1.43% 9.4 1.31% 0.85% 0.90% 5.7 5.0 4.4 0.46% 0.53% 0.52% 0.43% 0.41% 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 FY 2024 1Q
Slide 30: Almost 2/3s of NPEs at 0-89dpd
Almost 2/3s of NPEs at 0-89dpd Stage 3 coverage NPE buckets >90dpd 39% 197% 189% 0 dpd 156% 16% 149% 148% 149% 134% €67.2mn 114% 116% 100% 48% 55% 41% 48% 34% 1-89dpd FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 45% Cash coverage Collateral coverage 30
Slide 31: Capital
Optima Capital
Slide 32: Successful T2 issuance in June 2025 allowed us to grow our balance sheet
Successful T2 issuance in June 2025 allowed us to grow our balance sheet TCR trajectory RWA density 4.27% 78.0% 3.76% 14.87% 75.4% 14.40% 74.4% 73.5% 72.0% -6.28% -1.28% FY 2024 Organic Asset growth Dividend T2 FY 2025 FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 *Capital ratios incorporate period profit
Slide 33: Sustainability
Optima Sustainability
Slide 34: Sustainability strategy; driving sustainable impact across people, planet and governance
Sustainability strategy; driving sustainable impact across people, planet and governance Create value for people and Maintain sound governance Support energy transition the society model ✓ Μaintain high levels of employee ✓ Foster a culture of ethics, ✓ Minimize our own carbon and customers satisfac
Slide 35: 2025 sustainability achievements
2025 sustainability achievements Support energy transition Memberships, Ratings & ✓ 95% renewable energy consumption (electricity) ✓ Green Asset Ratio: 1.26% (turnover)/ 2.66% (CAPEX) Awards ✓ 102.16 Kg CO2 emissions, avoided from being released ✓ 93 % reduction in Scope 2 (market- based) into the e
Slide 36: Appendix
Optima Appendix
Slide 37: Income Statement
Income Statement in EURmn 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 Net interest income 49.6 48.8 49.5 51.7 52.2 56.6 Net fee and commission income 10.1 12.1 12.1 13.3 14.7 21.6 Core Income 59.8 60.8 61.6 65.1 66.9 78.2 Other income 0.9 0.9 2.5 1.5 1.7 2.2 Trading Income 5.9 5.0 4.3 5.3 3.8 4.
Slide 38: Income Statement
Income Statement in EURmn 9M 2024 FY 2024 1Q 2025 1H 2025 9M 2025 FY 2025 Net interest income 141.1 189.9 49.5 101.2 153.4 210.0 Net fee and commission income 29.3 41.3 12.1 25.5 40.2 61.8 Core Income 170.4 231.2 61.6 126.7 193.6 271.8 Other income 2.8 3.7 2.5 4.0 5.7 7.9 Trading Income 14.8 19.8 4.
Slide 39: Balance Sheet
Balance Sheet in EURmn 9M 2024 FY 2024 1Q 2025 1H 2025 9M 2025 12M 2025 Cash & Cash at C.B. 847 969 842 1,091 1,171 1,005 Securities 637 728 748 800 975 1,333 Net Loans 3,272 3,613 3,920 4,190 4,368 5,050 PP&E 10 11 10 10 11 11 Intangible Assets 10 11 11 11 11 11 RoU assets 19 20 20 19 18 18 DTA 8 1
Slide 40: Macro environment is supportive
Macro environment is supportive CPI Jan 2022 - December 2025 GDP Jan 2022 – 3Q 2025 Nominal GDP 9.2% 9.2% 7.8% 4,7% 9.6% 5.3% 7.1% 4.7% 5.5% 3.5% 2.60% 2,0% 3.5% 2.8% 3.0% 2.70% 2.00% 3.10% 2.00% 1.9% 2.8% Real GDP 2.9% 1Q 20 3Q 24 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3Q 21 4Q 21 1Q 22 2Q 22 3Q 22 4Q 22 1Q
Slide 41: Positive outlook for the Greek economy
Positive outlook for the Greek economy Greek sovereign ratings Greek economic sentiment index Latest credit ratings Outlook Last upgrade: 11/2025 BBB Stable (11/2025) Last upgrade: 4/2025 BBB Stable Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Jun
Slide 42: Sustainability targets – monitoring our sustainability journey
Sustainability targets – monitoring our sustainability journey Support energy transition Create value for people and the society Maintain sound governance model Target 2025 Target 2025 Target 2025 • 100% renewable energy in our 95% • Implement initiatives in 12 own operations support of a flexible a
Slide 43: Glossary
Glossary Adjusted net profit: Net profit/loss adjusted after adding back one off expenses or deducting one off revenues Basic Earnings per share (EPS): Net profit attributable to ordinary shareholders divided by the weighted average number of shares Common Equity Tier 1 (CET1): Common Equity T
Slide 44: Disclaimer
Disclaimer This is a presentation of an exclusively informative nature, intended to provide general information about the Bank. Your participation in any way in an event at which the presentation is shown or your access to it in any other way constitutes an acknowledgment that you have read the term
Slide 45: Contact information
Contact information Kostantinos Vatousis, Head of Strategy, IR & ESG George Doukas, IRO kvatousis@optimabank.gr gdoukas@optimabank.gr 32 Aigialeias & Paradeisou str. Maroussi Athens 15125 Greece OPTIMAr.AT OPTIMA GA ISIN: GRS533003000 www.optimabank.gr 45
Slide 46: Optima bank
Optima bank